FHFA House Price Index rises 0.6% in July

September 23, 2015

WASHINGTON (9/23/15)--U.S. house prices rose in July, up 0.6% on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.2% change in June remains unchanged.

The index is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From July 2014 to July 2015, house prices were up 5.8%. The U.S. index is 1.1% below its March 2007 peak and is roughly the same as the November 2006 index level.

For the nine census divisions, seasonally adjusted monthly price changes from June to July 2015 ranged from a negative 1.2% in the New England division to 1.6% in the Mountain division. The 12-month changes were all positive, ranging from 2.1% in the New England division to 9.4% percent in the Mountain division.